121
121
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 121
favorite 0
quote 0
and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff, you guys pass the bill, harry reid could do something he hasn't done in over three years, pass it in the senate, give it to the president, and nobody's taxes are going to go up, crisis averred and then they can spend team after the new year negotiating tax reform, entitlement reform, living within our means. why don't they just do that? >> well, they could, but they want to demonize the house. they want to pontiff indicate without actually doing anything in the way of legislating. sean, if you look back at the history, the deficit ceiling bill back a y
and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff,...
153
153
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 153
favorite 0
quote 0
automatic tax cuts and smaller paychecks hang in the balance. american military hero, four-star general known as stormin' norman schwarzkopf has died. >>> a fiscal milk cliff is looming. bears over the bruins in the holiday bowl. >>> good morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers wil
automatic tax cuts and smaller paychecks hang in the balance. american military hero, four-star general known as stormin' norman schwarzkopf has died. >>> a fiscal milk cliff is looming. bears over the bruins in the holiday bowl. >>> good morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting...
137
137
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 137
favorite 0
quote 0
but if you turned to tax increases, obama has already moved from, again the last public real offer $355 billion while boehner's moved only $150 billion. less than half. and then finally, and i want to go to you to unpack this. the stimulus money. this is not to be forgotten. we are in a recession. and many economists say that whatever else you do with long-term entitlement reform which is real, another real thing is growing the economy. obama has moved $250 billion. the number that boehner has moved on that stimulus is zero from the last final comprehensive offer. what do you make of that pacting that we are not mere the 50-yard line anymore? >> we also add that not only has boehner month moved, he can't get his own caucus to vote on the plan he brought forward. we are not only talking about symbolic gestures here, we are talking about someone that not only has not been able to deliver his own votes but isn't particularly interested in working with nancy pelosi to get moderate democrats onboard. again, we are talking about very symbolic things. i think john boehner is far more intereste
but if you turned to tax increases, obama has already moved from, again the last public real offer $355 billion while boehner's moved only $150 billion. less than half. and then finally, and i want to go to you to unpack this. the stimulus money. this is not to be forgotten. we are in a recession. and many economists say that whatever else you do with long-term entitlement reform which is real, another real thing is growing the economy. obama has moved $250 billion. the number that boehner has...
117
117
Dec 28, 2012
12/12
by
FBC
tv
eye 117
favorite 0
quote 0
cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said that and iran on a proposal. lou: two things that seem peculiar. i would love for both of you to respond. i heard a lot of bonn, abou the tea party. the tea party did not exist in this election. it was a non fctor. why in the world would there be so much concern in the republican party about the tea party. why was there an idea that you're better off today than you were four years ago and pick 2008 as the year, he baseline, and it was a lousy year. in point of fact, just about everybody is. what o you make? very quickly. >> your immediate question, yes, we were better off than the depths of being in a whole. president clinton explained the argument that we were climbing t. by that time election day, the percentage of people is of the country going in their right correction,saw the economy improving, higher than has been, ronald reagan when he was reelected.
cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said that and iran on a proposal. lou: two things that seem peculiar. i would love for both of you to respond. i heard a lot of bonn, abou the tea party. the tea party did not exist in this election. it was a non fctor. why in the world would there be so much concern in...
129
129
Dec 28, 2012
12/12
by
FBC
tv
eye 129
favorite 0
quote 0
is raising tax rates on the so-called rich enough to do it? no, it's not. it doesn't bring in enough money. one the ways he might do it is to squeeze the energy companies a little more. coming up, ceo of southern company, one of the most important guys in the universe will join us right here to say if he expects the big squeeze from the white house. >> i'm david asman with your fox business brief and here east one crisis averted anyway. unions representing dock workers and shippers reached a agreement delaying a strike that could have cripple the u.s. economy. longshoremen and maritime alliance agreed to postpone for 30 days. >>> this would mark the best year for the auto industry since 2007, but experts say the gains made in december could be overshadowed in january because of concerns about the fiscal cliff. >>> the chinese government announcing stiff new rules and requiring users to provide real names to service providers. the move place as greater burden on web companies to inform of forbid inch post. that is the latest from fox business, giving you the
is raising tax rates on the so-called rich enough to do it? no, it's not. it doesn't bring in enough money. one the ways he might do it is to squeeze the energy companies a little more. coming up, ceo of southern company, one of the most important guys in the universe will join us right here to say if he expects the big squeeze from the white house. >> i'm david asman with your fox business brief and here east one crisis averted anyway. unions representing dock workers and shippers...
273
273
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 273
favorite 0
quote 0
is the payroll tax. that's already obama apparently gave up on it two weeks ago and gone no matter what and only the refundables. >> yep. >> you're talking about hugely important to the working poor but for the vast majority of the country, it's almost ir el vant. we are just -- >> they aren't tax credits and what you fill out when you fill out your taxes which won't happen until 2014. if they're in effect, it costs the average family an extra $3,400 or so but in the first week, two weeks, actually, costs the average family about $40 and that's the payroll tax and if it's in effect for a month, $80. that's what we're looking at here and doesn't account for the psychological damage that will happen when the stock market tanks, employers hire fewer people. >> consumer confidence. >> confidence goes further. i mean, those are the imponderables and will happen. we're already seeing it happen and, you know, this is damaging the economy right now. this is not theoretical in the future. but a lot of economists
is the payroll tax. that's already obama apparently gave up on it two weeks ago and gone no matter what and only the refundables. >> yep. >> you're talking about hugely important to the working poor but for the vast majority of the country, it's almost ir el vant. we are just -- >> they aren't tax credits and what you fill out when you fill out your taxes which won't happen until 2014. if they're in effect, it costs the average family an extra $3,400 or so but in the first...
147
147
Dec 28, 2012
12/12
by
CNNW
tv
eye 147
favorite 0
quote 0
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extended by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes and we need to start cutting spending now. >> republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls on government to be as small as possible. its roots are as old as american politics, but the philosophies main spokesman is this man, grover norquist, president of americans for tax reform. his pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to ahead in the summer of 2011. they demand they reduce deficit as a condition for raising the debt ceiling. without a deal shs the u.s. would lose
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extended by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes and we need to start cutting spending...
150
150
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 150
favorite 0
quote 0
he writes in part, for many republicans a cliff dive is blaming president obama for a big tax hike in the short term and then voting to cut taxes for most americans next month. for democrats, better than setting a rich man's cutoff in the million dollar range or extending tax cuts for all earners and slashing entitlem t entitlements to appease republicans. what does your gut tell you? do they want to go off the fiscal cliff? go to facebook.com/newsnation to vote. that does it for us. i'm craig melvin in for tamron hall. "the cycle" up next and go skins. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece.
he writes in part, for many republicans a cliff dive is blaming president obama for a big tax hike in the short term and then voting to cut taxes for most americans next month. for democrats, better than setting a rich man's cutoff in the million dollar range or extending tax cuts for all earners and slashing entitlem t entitlements to appease republicans. what does your gut tell you? do they want to go off the fiscal cliff? go to facebook.com/newsnation to vote. that does it for us. i'm craig...
170
170
Dec 28, 2012
12/12
by
WUSA
tv
eye 170
favorite 0
quote 0
. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are cemental. >> the american people have a right to be very upset with this congress. >> reporter: president obama invited pelosi, john boehner and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year. and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to slow the progress. the senate will be
. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are cemental. >> the american people have a right to be very upset with this congress. >> reporter: president obama invited pelosi, john boehner and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year. and we...
101
101
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 101
favorite 0
quote 0
in a bad economy is to raise taxes. now suddenly both sides are considering doing exactly that. you've got three different studies of that shown that if you raise these taxes, you are going to kill somewhere between $700,000 and -- 700,000 and 1.1 million jobs. but all that not be standing, it has nothing to do with the issue. the issue has been, will continue to be, spending. >> okay. >> that's what no one wants to talk about. >> no, wait a second, brent. everybody wants to talk about it. i mean everybody says we have to do something about spending in this country. today the treasury secretary geithner came out and said we are going to approach, you know, the debt ceiling much more quickly than we anticipated. so everybody, republican and democrat. and i was just saying to sean here's the president saying we've got to do something about spending. simpson-bowles was asking for $2 billion or something in tax hikes. he's down now to 1.2. saying we have to do something in terms of limbing the rate of growth by changing the
in a bad economy is to raise taxes. now suddenly both sides are considering doing exactly that. you've got three different studies of that shown that if you raise these taxes, you are going to kill somewhere between $700,000 and -- 700,000 and 1.1 million jobs. but all that not be standing, it has nothing to do with the issue. the issue has been, will continue to be, spending. >> okay. >> that's what no one wants to talk about. >> no, wait a second, brent. everybody wants to...
101
101
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 101
favorite 0
quote 0
speaker boehner said i'm ready to raise taxes on those over a million dollars. president obama said i'm ready to have a new type of chain to consumer price index which -- impacts entitlement reform. the bipartisan national debt commission, simpson-bowles commission, said for every dollar of spending reduction, including the entitlement reform we immediate to have $1 in tax revenue. that's the principle compromise we have to have. so they are not far off. what we have to have is very simple. $4 trillion in debt reduction by this one-third, two-third division. because that gives us a sustainable debt to gdp ratio so the economy can go booming again. so i believe those two men have the economies of our nation best at heart and have to come a little closer and a little $500 billion sounds like a lot. $2.5 trillion. we have to do both to have a principled come prom nice quickly, both of you, i start with you, do you think something gets done in the next few days? >> i'm afraid say that i don't think that we will avoid the fiscal cliff. i think we will go over and be
speaker boehner said i'm ready to raise taxes on those over a million dollars. president obama said i'm ready to have a new type of chain to consumer price index which -- impacts entitlement reform. the bipartisan national debt commission, simpson-bowles commission, said for every dollar of spending reduction, including the entitlement reform we immediate to have $1 in tax revenue. that's the principle compromise we have to have. so they are not far off. what we have to have is very simple. $4...
470
470
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 470
favorite 0
quote 0
in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcconnell. he urged them to extend jobless benefits. we can deal with cuts to defense and domestic programs later. but let's take care of the middle and working class right now. give them assurance right now. joining me is congressman chief ellison. he's co-chair of the progressive caucus and melissa harris perry, host of the melissa harris perry show here on msnbc. thank you both for coming on the show. >> thank you, al. >> congressman, let me go to you first, this deal comes down to taxing the rich. how can they not realize this is what the country wants? >> i don't think that the republican leadership cares what the country wants. i think they care about what their biggest donors want and their big donors want to reorganize america so that -- because they believe that the rich don't hav
in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcconnell. he urged them to extend jobless benefits. we can deal with cuts to defense and domestic programs later. but let's take care of the middle and working class right now. give them assurance right now. joining me is congressman chief ellison....
190
190
Dec 28, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
the obama tax cuts. i'm calling it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to raise and when to lower at this point. >> president obama kept bush's taxes in for two years. >> i know. >> but suddenly, you know, democrats like you love the 98%, and you hate the 2%. it's very weird. >> tell him, joe. >> don't hate the 2%. i'm not a self-
the obama tax cuts. i'm calling it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on...
101
101
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 101
favorite 0
quote 0
on taxes president obama's offer compromise, agreeing to $400,000 as the new cutoff point. speaker boehner tried to sell a million as the dividing line but couldn't get it past his own party. president obama is therefore offering his original position, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on extended unemployment insurance, another check for the president. nada for boehner. on the debt limit president obama proposed a structure similar to what republican leader mitch mcconnell proposed last year. boehner wants to hold the nation's full faith and credit hostage once again to attain even more spending cuts. president obama even threw in an added incentive for republicans, by agreeing to a change in the way social security increases are calculated. no such olive branch was ever extended by republicans. get your cell phones out. i want to know what you think. tonight's question, is john boehner's move to reconvene t
on taxes president obama's offer compromise, agreeing to $400,000 as the new cutoff point. speaker boehner tried to sell a million as the dividing line but couldn't get it past his own party. president obama is therefore offering his original position, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on extended unemployment insurance, another...
182
182
Dec 28, 2012
12/12
by
CNNW
tv
eye 182
favorite 0
quote 0
, instead just voting to reinstate a tax cut, that then it sort of president obama's tax cut so he gets credit for that. >> do you have any sense of what will happen around that table today? who called the meeting if there's an agenda or are they going to sit around and stare at each other until one of them blinks? >> we don't have a sense. i'm sure that we will be getting a sense. this is supposed to take place at 3:00 p.m. at the white house. the vice president, president and four top congressional leaders. we don't know what will be said. i think we will likely hear from some camps afterwards. >> if you are wondering what a trip down the fiscal cliff might mean for your paycheck, for your 401(k), look no further than yesterday's dow. at the opening bell, a dive of more than 1%. investors finding little hope for the fiscal cliff compromise on capitol hill. when word came down two sides might be meeting. reversal of fortune. the dow rebounding for a while before finishing slightly lower. >>> a nation this morning remembering the american general credited with orchestrating one of the m
, instead just voting to reinstate a tax cut, that then it sort of president obama's tax cut so he gets credit for that. >> do you have any sense of what will happen around that table today? who called the meeting if there's an agenda or are they going to sit around and stare at each other until one of them blinks? >> we don't have a sense. i'm sure that we will be getting a sense. this is supposed to take place at 3:00 p.m. at the white house. the vice president, president and four...
207
207
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 207
favorite 0
quote 0
call them the obama tax cuts. it looks like he's the tax cutter and if you're a republican in the house, you go, wait a minute, i'm supposed to be for lower taxes. how can i vote no for lowering taxes on anybody? >> kelly: you allude to a very important point to why critics of this entire mess have gone on to say that perhaps president obama knew that he wanted to have a fiscal cliff, for example, charles krauthammer, look what he has to say. >> right up until now, obama has what he wanted, which was a partisan political success. he's been less worried fiscal solution for two reasons. number one, he does not care about debt. he hasn't in the four years. and number two, he thinks he's a political winner if we go over the cliff. he thinks he's holding all the cards. >> the real outrage is that what started as an effort to trim the size and scope of government, whether it was the bush tax cuts a decade ago or whether it was the debate over the debility ceiling just over a year ago is going to likely end up as an effo
call them the obama tax cuts. it looks like he's the tax cutter and if you're a republican in the house, you go, wait a minute, i'm supposed to be for lower taxes. how can i vote no for lowering taxes on anybody? >> kelly: you allude to a very important point to why critics of this entire mess have gone on to say that perhaps president obama knew that he wanted to have a fiscal cliff, for example, charles krauthammer, look what he has to say. >> right up until now, obama has what he...
172
172
Dec 28, 2012
12/12
by
CNNW
tv
eye 172
favorite 0
quote 0
the outcome could determine whether or not all of our taxes go up. president obama and congressional leaders with trying to come up with this last-minute deal to avoid the so-called fiscal cliff, the massive tax increases and spending cuts to take place in four days. the president and vice president will be meeting with house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell. and watching all this, jessica yellin live at the white house. jess, what do we think is going to happen here? >> reporter: well, based on the expectations around town, the thought is the president and democrats will lay out an alternative, scaled-down proposal. and there will be discussions about what could be in the details of a proposal they could vote on, in theory, this weekend. the ideal outcome would be all the members agree to the terms of that deal. and then the two senators in the room agree that they can get their parties to bring it to a vote with no one filibustering it. and then on the house s
the outcome could determine whether or not all of our taxes go up. president obama and congressional leaders with trying to come up with this last-minute deal to avoid the so-called fiscal cliff, the massive tax increases and spending cuts to take place in four days. the president and vice president will be meeting with house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell. and watching all this, jessica yellin live at...
207
207
Dec 28, 2012
12/12
by
CNNW
tv
eye 207
favorite 0
quote 0
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extended by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax sites and stop spending now. >> republicans refused to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls for government to be as small as possible. its roots are as old as american politics but today the philosophy's main spokesman is this man. grover norquist. president of american's for tax reform. norquist's pledge signed by almost all republicans by congress forbids raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand that the government reduce its deficit as a condition for raising the debt ceiling. both democrats and republicans e
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extended by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax sites and stop spending now. >>...
254
254
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 254
favorite 0
quote 0
to craft a deal to avert looming tax hikes and spending cuts. with most of the hoist members on vacation until sunday night, no plan in sight. how much can actually be accomplished. susan fereccio joins us now. chief congressional correspondent for the "washington examiner". we're seeing dianne feinstein there on the senate floor. it is vacant on the house side. so in truth how much is really going to get done? >> well, gregg, a lot of this negotiations are really taking place between the leadership levels right now. we don't really have to worry about what is happening on the house floor. it's about what is going on at the white house. now, the president today is going to meet with congressional leaders from both parties, both chambers. they will sit down. they will talk about a potential deal. the president might offer something that maybe the republicans could go for. it wouldn't be a sweeping deal. gregg: like what? >> might be something smaller. well, it would be something that could potentially avoid the major tax hikes coming in january.
to craft a deal to avert looming tax hikes and spending cuts. with most of the hoist members on vacation until sunday night, no plan in sight. how much can actually be accomplished. susan fereccio joins us now. chief congressional correspondent for the "washington examiner". we're seeing dianne feinstein there on the senate floor. it is vacant on the house side. so in truth how much is really going to get done? >> well, gregg, a lot of this negotiations are really taking place...
279
279
Dec 28, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 1
there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth preservation strategies. that same survey found high net worth persons, those with $5 million or more in assets, obviously much more proactive in anticipating the tax consequences of going over the cliff than those with $1 million or less in assets. simon? >> okay, hampton, busy days. hampton pearson there in washington. straight ahead, a looming port strike that could cost the u.s. economy billions of dollars. the mayor of houston will join us live to tell us how this strike will affect her cities and cities right along the east coast. "squawk on the street" will be right back. off vietna
there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth...